Which of the Following Statements Is NOT True Regarding a Limited

question 60

Multiple Choice

Which of the following statements is NOT true regarding a limited liability company?

• A) There is no loss of power to board of directors.
• B) The members of the company face the double taxation issue.
• C) The company exists as a legal entity separate from its owners.
• D) It can be set up with one person which can be an entity.

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Definitions:

Population

A group of individuals of the same species that live in the same area and have the potential of interbreeding.

Somatic Cells

These are any cells forming the body of an organism, excluding reproductive cells.

Mutations

Changes in the DNA sequence of an organism's genome that can lead to variations in physical appearance, function, or behavior.

Nonrandom Mating

A mating pattern in which individuals within a population choose mates based on particular traits or proximity, rather than mating at random.